The different faces of debt

Personal Assessment: What your debt says about you?

Wednesday, December 16th, 2015 at 4:05 pm in New Leaf Blogs - Personality Archives by Ben Paris.

The type of debt you have can tell you quite a bit about what kind of person you are and give you insight into your own spending habits.


Credit card debt = Impulsive

You’re the life of the party and don’t give much thought to your finances when fun is involved. You’re the first one to start a tab at the pub and love a good shopping spree. You’ve probably used your card to go on that trip around the world while your other friends were doing boring things like being financially responsible.

But finding yourself with bad credit due to credit card debt, or worse, going bankrupt with no assets, is really no fun. Learn how to budget your finances and have fun without charging it or you could miss out on thing like buying a house, living debt free and taking a family holiday.

If you’re struggling to pay off your credit card debt, DCS Group offer a variety of debt relief solutions, including help with debt consolidation as a result of bad credit.


Tax Debt = Bad at maths

So maybe you didn’t get the highest OP score because your maths is not the best. You’ve got big dreams and want to spend what you have and then some.  But unless you learn some proper book keeping skills, including tracking your spending and finding out what you can actually claim come tax time, you could find yourself in financial hardship and in need of some sound debt advice.

The Beatles’ George Harrison understands your pain; so much so that he penned “Taxman” from their 1966 album, Revolver. I think we can all relate to the lyrics:


Let me tell you how it will be

There’s one for you, nineteen for me

Cos I’m the taxman, yeah, I’m the taxman

Should five per cent appear too small

Be thankful I don’t take it all

Cos I’m the taxman, yeah I’m the taxman

If you drive a car, I’ll tax the street

If you try to sit, I’ll tax your seat

If you get too cold I’ll tax the heat

If you take a walk, I’ll tax your feet


Cos I’m the taxman, yeah I’m the taxman


Having a budget and sticking to it could help you avoid the taxman coming to crush your dreams every year. Newleaf can help you get out of debt and before you know it, you’ll be laughing all the way to the bank with a rebate, instead of a bill, come tax time.


Car Loan = Keeping up with the Jones’

You aspire to “have it all” or at the very least, look like you have it all. You love new cars: the shiny exterior waxed within an inch of its life; the plush new seats and that new car smell. You enjoy turning heads in your flashy wheels. But taking out a car loan to keep up appearances could see you facing financial hardship that you hadn’t planned for.


Personal Loan = Dreamer

A bit of procrastinator, you want to enjoy the finer things in life without slaving away at a 9 to 5. You dream of better things for yourself but instead of saving up and not spending beyond your means, you take out a personal loan and tell yourself you’ll pay it off later.

But what happens when “later” turns in to the present? Procrastinating to pay off a personal loan could find you incurring high interest fees and in debt. Newleaf can help you manage your debt and your finances to set you up for a more financially secure future.


Pay Day Loan = Desperate

You live week to week and throw caution to the wind when it comes to spending up big. You don’t understand how other people can live without spending every last dime. However, taking out a pay day loan means you are totally desperate and in need of some serious help when it comes to managing your finances and your debt.

Taking out a pay day loan to get by is akin to a wallflower waiting for that special someone to ask her to dance — don’t wait around, combine your debt now and discover solid debt relief solutions before it’s too late.


If you are looking for help or how to get out of debt, there is free debt advice available by calling 1800-NEW-LEAF. If you’re in too deep and need to get out of debt fast, Newleaf can provide debt solutions.


Ben Paris

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